Cost & Delay of Rework on Construction Projects

  EVENT DATE

October 22, 2019

  PRESENTER(s)

James G. Zack

  1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 60 Minutes


* Not able to attend the live session? We can arrange an on-demand session for You. Please call 1-‪814-892-0304


DESCRIPTION



Rework in the construction industry is frequent and well known. It is a drain on efficiency, profitability and timeliness of project delivery for both contractors and owners. Additionally, the need for rework can have spinoff or downstream impacts for all project stakeholders. The reasons of rework are, likewise, very well known: design and construction changes, errors and omissions, project enhancements, operability changes, fabrication changes and errors, etc. While rework is mutual, the impact has not been thoroughly assessed, studied or discussed. 

Rework in the construction industry is frequent and well known. It is a drain on efficiency, profitability and timeliness of project delivery for both contractors and owners. Additionally, the need for rework can have spinoff or downstream impacts for all project stakeholders. The reasons of rework are, likewise, very well known: design and construction changes, errors and omissions, project enhancements, operability changes, fabrication changes and This webinar assesses and identifies the typical cost of rework on a wide range of project types. It shows how the cost of rework is frequently understated and provides an estimate of the true “average cost” of rework. errors, etc. While rework is mutual, the impact has not been thoroughly assessed, studied or discussed.

The webinar also identifies the average impact of rework on project period in terms of time as well as unrecoverable extended overheads and the cost of liquidated damages. Finally, the webinar identifies a number of applied methods that can be employed by owners and contractors to substantially reduce both the cost and time impact of rework.

Learning Objectives:

  • Learn the typical causes of rework.
  • Gain an understanding of the cost and time impacts of rework on construction projects.
  • Be provided with a model for predicting rework on new or future projects.
  • Gain information on a number of practical ways to reduce the amount of rework on future projects.
  • Identify what rework and the typical causes of rework on construction projects.
  • Identify the reported cost of rework on construction as identified by a large number of studies.
  • Reveal the true cost of rework.
  • Provides an estimate of the average amount of delay caused by rework on the typical construction project.
  • Provides an estimate of the delay cost arising from rework.
  • Be provided with a model for predicting rework on new or future projects.
  • Gain information on a number of practical recommendations intended to reduce the amount of rework on future projects.

Who Will Benefit:

  • Contractor Project Managers
  • Project Sponsors
  • Cost Estimators
  • Project Control Personnel
  • Construction Managers
  • Design Professionals Performing Services During Construction
  • Project Owners
  • Owner Representatives

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